Currently only has a 660k oz total mineral resource for a market...

Currently only has a 660k oz total mineral resource for a market cap of $175m, and they take their time increasing ounces.

GMD has a 2m oz total mineral resource for a $440m market cap.

In fact, the market caps of both seem over-valued on a reasonable basis, but perhaps not at the current gold price though, we are in a bit of a gold bubble at the moment, and long may it continue.

You'd have to say that neither are screaming buys at these levels, with GMD suffering from becoming a market darling, like BGL (which has an eye watering $1B+ market cap, but high grade, but it only has a 2m oz resource, the same as GMD. BGL is definitely over-valued, as most market darlings become).

PDI has 3.5m oz total resources, and a market cap of $295, but you have African risk thrown in, and some concerns about part of the deposit being in a national park area, which may require some rezoning.

It's getting difficult to find a good value gold buy on the ASX at the moment, one with good current resource ounces, so I'm looking at some other options, like other metals and early explorers, but all metals seem to be having a good run, which is good for us resource investors.

I'll just hold my MGV shares at the moment, average price of 31 cents, and won't consider buying anymore unless it dips to around 25 to 27 cents, which could be something of a wait, perhaps at end of financial year tax selling.

Gw